Old National Bancorp (ONB) — closed signal from May 14, 2026
Target reached Published before the outcome was known, scored automatically when the window closed on August 12, 2026 — +14.8% at the close.
Predicted vs. what happened
What happened
Reached its target in 42 days.
The thesis — published May 14, 2026
Old National shows steady profits and a fair price, but recent updates mainly confirm continuity (dividend and brand deal) rather than spark big change. The share price looks short-term beaten down versus its recent trend, yet sensitivity to interest rates and heavier short positions make the near-term outlook cautious rather than optimistic.
Primary drivers
- Reliable profit delivery supports confidence in the bank
- Regular dividend news shows steady capital returns
- Valuation appears reasonable versus rate-driven volatility
- Regional deposit mix spreads risk across Midwestern markets
How it played out
ONB: target reached in 42 days
Lyra published a cautious short-term thesis that expected a 10% rise from 23.59 to 25.79. The thesis pointed to reliable profit delivery, regular dividend news, reasonable valuation amid rate-driven volatility, and a regional deposit mix across Midwestern markets. It also noted heavier short positions and interest-rate sensitivity.
The target was reached in 42 days. The price later peaked at 27.36 on August 4, a 16% gain that was above the target. It ended the window at 27.08, also above the target. The published thesis played out and exceeded its stated price objective within the measurement window.
What happened during the window
On July 22, 2026, Old National reported second-quarter net income applicable to common shares of $249.4 million and diluted earnings per share of $0.65. It also announced an expanded executive leadership structure that day.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.